Data Forecasting

by Lily Maley | Jun 7, 2021 | Industry Briefs

Forecasting uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Choosing appropriate forecasting techniques depends on the type of data being used and behavior of the data. For example, forecasting techniques used for “financial data” may not be appropriate for time series data like “computer server data” or “data center network activity data” (though underlying forecasting principles stay the same).